Stock VELESTO VELESTO ENERGY
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Company Velesto Energy

Equities

VELESTO

MYL5243OO000

Oil & Gas Drilling

End-of-day quote BURSA MALAYSIA
Other stock markets
 06:00:00 2024-04-16 pm EDT 		5-day change 1st Jan Change
0.275 MYR +1.85% Intraday chart for Velesto Energy -1.79% +19.57%
Feb. 27 Velesto Energy Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023 CI
Feb. 02 Velesto Energy Berhad Announces Changes in Board of Directors' Committees Composition CI

Business Summary

Velesto Energy Berhad is a Malaysia-based multinational provider of services for the upstream sector of the oil and gas industry. The Company owns and operates six jack-up drilling rigs, which are capable of operating in water depths of up to 400 feet. The Company is also a provider of workover services through its fleet of hydraulic workover units. In addition, it provides integrated drilling and workover services to meet its clients’ requirements. The Company has four segments. The drilling services segment is principally involved in the provision of drilling services to the upstream oil and gas sector. This segment owns and operates several drilling rigs. The integrated services segment principally provide hydraulic workover operation. The oilfield services segment principally provides oil country tubular goods threading, repair and inspection services. The others segment is involved in investment holding, provision of support services, management and corporate services.

Number of employees: 520

Sales per Business

MYR in Million2021Weight2022Weight Delta
Drilling
83.2 %
359 95.2 % 483 83.2 % +34.46%
Integrated Services
14.9 %
- - 87 14.9 % -
Oilfield Services
1.7 %
17 4.5 % 10 1.7 % -41.00%
Others
0.2 %
1 0.3 % 1 0.2 % -14.64%

Sales per region

MYR in Million2021Weight2022Weight Delta
Malaysia
92.0 %
367 97.2 % 534 92.0 % +45.54%
Others
8.0 %
10 2.8 % 47 8.0 % +346.68%

Managers

Managers TitleAgeSince
Sazlyna Sapiee DFI
 Director of Finance/CFO 59 20-05-31
Megat Zariman Abdul Rahim PSD
 President 57 22-02-24
Norzaidi Mohammad Zahidin COO
 Chief Operating Officer - -
Mi Ryoung Lee LAW
 General Counsel 48 19-07-14
Eric Chua SAM
 Sales & Marketing - 18-08-31
Norzalizah Alias AUD
 Comptroller/Controller/Auditor 51 18-02-28
Zulfa Ashida Zulkifli HRO
 Human Resources Officer 54 -
Abdul Hadi bin Abdul Bari PRN
 Corporate Officer/Principal 48 18-11-30

Members of the board

Members of the board TitleAgeSince
Kien Sing Ling BRD
 Director/Board Member 69 21-11-28
Alan Hamzah Sendut BRD
 Director/Board Member 65 Feb. 01
Haida Shenny binti Hazri BRD
 Director/Board Member 51 17-06-22
Mohammad Rashid bin Mohammad Yusof CHM
 Chairman 69 17-06-22
Puan Rowina Ghazali Seth BRD
 Director/Board Member 64 17-06-22
Mohammad Shahreen bin Madros BRD
 Director/Board Member 60 21-08-24
Megat Zariman Abdul Rahim PSD
 President 57 22-02-24
Ahila Ganesan BRD
 Director/Board Member - -
Fadzihan Abbas Bin Mohamed Ramlee BRD
 Director/Board Member 41 23-08-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 8,215,600,000 3,445,731,325 ( 41.94 %) 0 41.94 %

Shareholders

NameEquities%Valuation
Bumiputra Investment Foundation
7.109 %
584,064,495 7.109 % 36 M RM
Hong Leong Asset Management Bhd.
3.336 %
274,100,000 3.336 % 17 M RM
Kenanga Investors Bhd.
1.330 %
109,237,200 1.330 % 7 M RM
Permodalan Nasional Bhd.
0.7542 %
61,960,135 0.7542 % 4 M RM
PMB Investment Bhd.
0.7375 %
60,590,000 0.7375 % 4 M RM
RHB Asset Management Sdn. Bhd.
0.4936 %
40,556,100 0.4936 % 3 M RM
Eastspring Al-Wara' Investments Bhd.
0.1020 %
8,376,100 0.1020 % 522 082 RM
OP Asset Management Ltd.
0.0630 %
5,173,300 0.0630 % 322 452 RM
Dimensional Fund Advisors Ltd.
0.0380 %
3,120,860 0.0380 % 194 523 RM
Eastspring Investments Bhd.
0.0342 %
2,807,000 0.0342 % 174 960 RM

Company contact information

Velesto Energy Bhd.

Level 18, Block 3A Plaza Sentral

50470, Kuala Lumpur

+60 3 2096 8788

http://www.velesto.com
address Velesto Energy(VELESTO)

Sector

Energy
Energy - Fossil Fuels
Oil & Gas Related Equipment and Services
Oil & Gas Drilling
Other Oil & Gas Drilling

Sales per Business

Sales per region

Ratings for Velesto Energy

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.275 MYR
Average target price
0.325 MYR
Spread / Average Target
+18.18%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Oil & Gas Drilling

1st Jan change Capi.
VELESTO ENERGY Stock Velesto Energy
+19.57% 463M
ADNOC DRILLING COMPANY Stock ADNOC Drilling Company
+3.17% 17.08B
CHINA OILFIELD SERVICES LIMITED Stock China Oilfield Services Limited
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NOBLE CORPORATION PLC Stock Noble Corporation Plc
-0.56% 6.72B
ADES HOLDING COMPANY Stock ADES Holding Company
-17.17% 5.87B
VALARIS LIMITED Stock Valaris Limited
-0.93% 5.02B
TRANSOCEAN LTD. Stock Transocean Ltd.
-10.55% 4.89B
PATTERSON-UTI ENERGY, INC. Stock Patterson-UTI Energy, Inc.
+3.89% 4.57B
HELMERICH & PAYNE, INC. Stock Helmerich & Payne, Inc.
+12.78% 4.07B
SINOPEC OILFIELD SERVICE CORPORATION Stock Sinopec Oilfield Service Corporation
+2.06% 3.93B
Other Oil & Gas Drilling
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